HSBC Premier Bank Account

Are you looking for a current account that makes it easier to manage and spend money? Do you want a current account that not just benefits you but also your family?  

Well, here’s the HSBC Premier Account to help you with the same!

Let’s find out more about the HSBC Premier Account in UAE in this write-up! 

Why Should You Open an HSBC Premier Account?

Here are the prime reasons to open a Premier Account with HSBC-

• You get global Premier Status, which allows you to spend like a local anywhere around the world. 
• This is a Global Money Account that comes with a debit card for managing, spending, and transacting funds. 
• You can multiply your funds using WorldTrader and secure your family’s financial future. 
• You get free HSBC Worldwide Travel Insurance for yourself and your family. 

Features and Benefits of HSBC Premier Account in the UAE

With an HSBC Premier Account, you can access a plethora of benefits for yourself and your family. This account lets you do it all — you can easily buy a new home, invest in the future, and multiply your money. 

Here are the major benefits of this HSBC account-

Premier Account for You

• A dedicated Premier relationship manager to help you manage your finances 
• Open the account instantly and start using it immediately 
• Get preferential interest rates on mortgages, personal loans, and savings 
• Overdraft facility for up to 2x your salary or AED 30,000 (whichever is lower) without any fees

Premier Account Benefits for Your Family

• Get Premier status for your spouse and children and enable them to have an independent HSBC Premier Account 
• If your family is moving abroad, you can open an overseas account and help them advance their career or education. 
• Your children can easily manage their funds with the help of the Premier Children Savings Account

Global Benefits of the HSBC Premier Account

• You can access your account worldwide with HSBC Premier Account’s seamless and professional services. 
• Make fund transfers to 200 countries and regions in more than 25 currencies like INR, EGP, PKR, and PH without any fee 
• Next-day card replacement in case your card gets stolen or misplaced
• Access a foreign currency account with attractive interest rates 
• Daily emergency cash advances of up to USD 10,000 

Other Benefits

• Get a complimentary debit card when you open an HSBC Premier Account. The offered perks include —

• Complimentary travel insurance
• Free airport transfers
• Complimentary airport lounge access
• Access to round-the-clock concierge services
• Debit card protection

• If you apply for for a Premier credit card with this account, you get various benefits including — 

• 1 Air Mile per AED 1 spent 
• Opportunity to exchange Air Miles on all credit card spends and exchange them for discounts on flights, shopping, hotels, and more

Fees Associated with the HSBC Premier Account

Let’s turn our attention to the charges associated with the HSBC Premier Account in UAE-

Eligibility Criteria to Open HSBC Premier Account 

To apply for an HSBC Premier Account in UAE, you must meet the following eligibility criteria —

• You must be 18 years or older
• Minimum Salary Transfer Required — AED 40,000
• Must be a first-time banking customer with HSBC UAE
• Should also meet one of the following criteria —

• Maintain a Total Relationship Balance (TRB) with the bank of AED 350,000 in deposits or investments
• Should hold a Premier account in another country or region
• Should have a spouse or a parent who already has an HSBC Premier Account
• Possess a loan drawdown with HSBC of AED 3 million and above for the first 24 months

Documents Required to Apply for the HSBC Premier Account

The following are the documents required to apply for this HSBC bank account-

For UAE Residents

• Emirates ID
• Passport
• Proof of UAE residence address- Utility bills, Ejari number, letter from the employer, tenancy agreement, or title deed
• Proof of income- Salary certificate, bank statement for the last 3 months
  • For business owners — Previous 3 months’ bank statements of the company

For New to the UAE

• Passport
• Proof of income — Salary certificate, bank statement for the last 3 months 
  • For business owners — Last 3 months’ bank statements of the company

For Join Account Applicants

• Original passport
• Original Emirates ID
• Proof of UAE residence — Utility bill, employment letter, rent agreement
• Original trade licence (for self-employed individuals)
• Valid residence visa (for non-GCC national applicants)
• Original labour card/work ID (for female applicants on parents’/husbands’ sponsorship)
• Original income transfer letter from the employer (for income transfer applicants)

Open an HSBC Premier Account Online via Policybazaar.ae

You can easily open an HSBC Premier Account online with Policybazaar.ae. 

We are a third-party aggregator that presents to you the best banking products and services in the country in one place! To apply for this current account in the UAE, correctly fill in our lead form and click on the ‘Proceed’ tab. 

You will be directed to the quotes page for current accounts in the UAE. Once there, go through the features and benefits of the relevant bank account and click on the ‘Apply Now’ button. 

Find out more about the HSBC Premier Account through some frequently asked questions up next.

Frequently Asked Questions